Title: Reconciliation to Basic Financial Statemens
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the
expenditures of all federal award programs of the Washington Suburban Sanitary Commission
for the year ended June 30, 2023. The information in this Schedule is presented in
accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only a selected portion of the operations of the Commission, it is not
intended to and does not present the financial position, changes in net position, or cash flows
of the Commission.
The SEFA has been prepared using the accrual basis of accounting as fully described in the
Summary of Significant Accounting Policies accompanying the Commission’s basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Commission has not elected to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
The total expenditures in the Schedule of Expenditures of Federal Awards are included as
bonds and notes payables in the Commission’s Balance Sheets or capital grant contributions
in the Commission’s Statement of Revenues, Expenses, and Changes in Net Position for the
year ended June 30, 2023.
Title: Federal Grant/Loan
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the
expenditures of all federal award programs of the Washington Suburban Sanitary Commission
for the year ended June 30, 2023. The information in this Schedule is presented in
accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only a selected portion of the operations of the Commission, it is not
intended to and does not present the financial position, changes in net position, or cash flows
of the Commission.
The SEFA has been prepared using the accrual basis of accounting as fully described in the
Summary of Significant Accounting Policies accompanying the Commission’s basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Commission has not elected to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
On May 26, 2023, WSSC received an approval for from Maryland Water Quality Financing
Administration (the “administration”) a loan of $25,000,000 in total, of which $2,500,000 is
forgiven. This leaves a loan balance of $22,500,0000 at an interest rate of .80% per annum.
Principal loan repayment will begin on February 1, 2025. The purpose of the loan is for a
construction project at the WSSC Piscataway Wastewater Treatment Plant for BioEnergy
equipment and systems. As of June 30, 2023, WSSC had spent $22,500,000 towards the
project.
On July 29, 2022, WSSC received an approval for a loan of $15,000,000 from Maryland Water
Quality Financing Administration (the “administration”) at an interest rate of .80% per annum.
Principal loan repayment began on February 1, 2023. The purpose of the loan is for a
construction project at the WSSC Piscataway Wastewater Treatment Plant for Bio Energy
equipment and systems. As of June 30, 2023, WSSC had spent $15,000,000 towards the
project.On November 25, 2020, WSSC received an approval for a loan of $150,174,502 from
Maryland Water Quality Financing Administration at an interest rate of .40% per annum.
Principal loan repayment began on February 1, 2023. The purpose of the loan is for
construction for the comprehensive rehabilitation and replacement of sewer mains and
manholes across the sanitary district. As of June 30, 2023, WSSC had spent $41,942,329
towards the project.
On April 14, 2016, WSSC received an approval for a loan of $53,823,568 from Maryland
Water Quality Financing Administration (the “administration”) at an interest rate of 1.40% per
annum. Interest payment is paid semiannually and commenced on August 1, 2016. Principal
loan repayment began on February 1, 2019. The purpose of the loan was for two construction
projects at DC Water Blue Plains Wastewater Treatment Plant. The first project is a Tunnel
Dewatering Pump Station at a cost of $7,124,995 and the second project is an Enhanced
Clarification Facility at a cost of $46,698,573. As of June 30, 2023, WSSC had spent
$53,823,568 towards the project.
Title: Single Audit Reporting Entity
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the
expenditures of all federal award programs of the Washington Suburban Sanitary Commission
for the year ended June 30, 2023. The information in this Schedule is presented in
accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only a selected portion of the operations of the Commission, it is not
intended to and does not present the financial position, changes in net position, or cash flows
of the Commission.
The SEFA has been prepared using the accrual basis of accounting as fully described in the
Summary of Significant Accounting Policies accompanying the Commission’s basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Commission has not elected to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
The Washington Suburban Sanitary Commission (the Commission) is a bi-county political
subdivision of the State of Maryland, created to provide water supply and sewage disposal
services for Montgomery and Prince George’s Counties, Maryland.